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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Peter Scribner

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

1110 Park Ave, Rochester, NY 14610

Jennifer Montante

Accident & Injury, Bankruptcy, Estate, Social Security

Status:

FREE CONSULTATION

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919 Winton Road, Rochester, NY 14618

Warren H. Heilbronner

Trusts, Estate, Civil & Human Rights, Bankruptcy

Status:

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145 Culver Rd, Rochester, NY 14620

Andrew Kala Gonsalves

Health Care Other, Biotechnology, Commercial Bankruptcy, Patent

Status:

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2000 Winton Road South, Rochester, NY 14618

Julie Noel Nagorski

Corporate, Construction, Collection, Landlord-Tenant

Status: Licensed: 17 Years

CONTACT

21 First Street Sw, Rochester, NY 14607

Anthony Joseph Adiutori

Real Estate, Banking & Finance, Credit & Debt, Collection

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300 Bausch & Lomb Place, Rochester, NY 14604

Mary Jo S. Korona

Litigation, Employee Rights, Civil Rights, Bankruptcy Litigation, Bankruptcy & Debt

Status:

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28 E Main St, Rochester, NY 14614

Agostino V. Coccia

Foreclosure, Consumer Protection, Collection, Personal Injury

Status:

CONTACT

One East Main Street, Rochester, NY 14614

Kenneth Stuart Gallant

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

1425 Jefferson Road, Rochester, NY 14623

Jason Peter Verhagen

Litigation, Lawsuit & Dispute, Civil Rights, Bankruptcy

Status: Licensed: 24 Years

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100 Corporate Woods, Rochester, NY 14623

800-814-6700

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Alton Bankruptcy & Debt Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Peter Scribner

Jennifer Montante

Warren H. Heilbronner

Andrew Kala Gonsalves

Julie Noel Nagorski

Anthony Joseph Adiutori

Mary Jo S. Korona

Agostino V. Coccia

Kenneth Stuart Gallant

Jason Peter Verhagen

TIPS

LEGAL TERMS

C CORPORATION

GRACE PERIOD

NO-FAULT INSURANCE

TOXIC TORT

GARNISHMENT

CREDIT COUNSELING

BANKRUPTCY

LIMITED PARTNERSHIP

DEBT COLLECTOR

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